The main difference between the payroll and personnel cycle and other cycles is:
A) transactions are more significant than related balance sheet accounts.
B) there is only one class of transactions.
C) internal controls for payroll are effective for most companies.
D) all of the above

Question

Quizplus · Accepted Answer

The payroll and personnel cycle is different from other cycles because transactions (payroll processing, employee hiring/termination, benefits administration, etc.) are more significant than related balance sheet accounts (such as salaries and wages payable).

The Main Difference Between the Payroll and Personnel Cycle and Other